American Valuation Appraisal Services is experienced when you need appraisals for foreclosures in Cook County

Properties that have gone back to the bank's holding and properties in foreclosure create special appraisal difficulties.

It's key to understand the meanings of "market value" and a "quick disposition" price to evaluate what losses you could have to endure when dealing with a property in foreclosure.
At American Valuation Appraisal Services, we have the knowledge in both supplying snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that consider your time line.

Occupants of property in foreclosure could be opposed to allowing an inspection of the house, thus presenting special challenges.
They could have deserted the house already and/or ignored the care of the home for awhile - or worse, intentionally harmed the house.

If you're dealing with property that has already reverted to REO, you will interested in a quick disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to:

The value of the home without any work done to it

Possible value with the repairs due to make the property marketable at full market value - commensurate with other houses in the neighborhood

With minor investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"

Again, we understand your urgency and the specific circumstances of a Real Estate Owned home, in addition to the specific information you will need - competing listings, market trends, and so forth. You can bank on American Valuation Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.